1 reviews | Active since Jul 2011
ABSA Cancel Existing Home Loan - I have to reapply !!!!
I have a homeloan with ABSA in the name of a trust. A couple of months ago I contacted ABSA to confirm whether the loan is an access bond and whether I will be able to add excess funds into the home loan and withdraw it again. ABSA confirmed that I can. I went to ABSA and linked the account to internet banking. and transferred money into the bond. The next moment I get a letter from ABSA via email stating my account reflects a zero balance and that my bond and title deed will be kept by ABSA for safe keeping. I immediately sent an email to the person stating that I did not want to cancel my bond. I got another letter and again sent an email. I then contacted the person who said that they did sent me a physical letter to my house address (Which I did not receive). I told her that and that on my account my only contact method is email. She told me the bond was not a flexi bond (Access Bond) and that I must reaply for the bond to get the funds back.
Thank you for bringing this matter to our attention. We will investigate the matter and furnish feedback once the matter is resolved.
Kind regards
Claudette Lewis
Group Customer Care
Absa Bank Ltd
Thank you for bringing this matter to our attention. We will investigate the matter and furnish feedback once the matter is resolved.
Kind regards
Claudette Lewis
Group Customer Care
Absa Bank Ltd
